J M Taylor Accountants Limited - Accounts to registrar - small 17.2

J M Taylor Accountants Limited - Accounts to registrar - small 17.2

J M TAYLOR ACCOUNTANTS LIMITED - Company Information

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IRIS Accounts Production v17.2.1.52 SC352132 Board of Directors 1.1.16 31.12.16 31.12.16 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3521322015-12-31SC3521322016-12-31SC3521322016-01-012016-12-31SC3521322014-12-31SC3521322015-01-012015-12-31SC3521322015-12-31SC352132ns15:Scotland2016-01-012016-12-31SC352132ns14:PoundSterling2016-01-012016-12-31SC352132ns10:Director12016-01-012016-12-31SC352132ns10:PrivateLimitedCompanyLtd2016-01-012016-12-31SC352132ns10:SmallEntities2016-01-012016-12-31SC352132ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-31SC352132ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-31SC352132ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-31SC352132ns10:FullAccounts2016-01-012016-12-31SC35213212016-01-012016-12-31SC352132ns10:Director22016-01-012016-12-31SC352132ns10:Director32016-01-012016-12-31SC352132ns10:RegisteredOffice2016-01-012016-12-31SC352132ns5:CurrentFinancialInstruments2016-12-31SC352132ns5:CurrentFinancialInstruments2015-12-31SC352132ns5:ShareCapital2016-12-31SC352132ns5:ShareCapital2015-12-31SC352132ns5:RetainedEarningsAccumulatedLosses2016-12-31SC352132ns5:RetainedEarningsAccumulatedLosses2015-12-31SC352132ns5:NetGoodwill2016-01-012016-12-31SC352132ns5:IntangibleAssetsOtherThanGoodwill2016-01-012016-12-31SC352132ns5:PlantMachinery2016-01-012016-12-31SC352132ns5:NetGoodwill2015-12-31SC352132ns5:NetGoodwill2016-12-31SC352132ns5:NetGoodwill2015-12-31SC352132ns5:PlantMachinery2015-12-31SC352132ns5:PlantMachinery2016-12-31SC352132ns5:PlantMachinery2015-12-31SC352132ns5:CostValuation2015-12-31SC352132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-31SC352132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: SC352132 (Scotland)















Financial Statements for the Year Ended 31 December 2016

for

J M Taylor Accountants Limited

J M Taylor Accountants Limited (Registered number: SC352132)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M Taylor Accountants Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Ms G D Crighton
R C Chalmers
A Benson





REGISTERED OFFICE: Citygate
Blackburn Business Park
Blackburn
Aberdeen
AB21 0PS





REGISTERED NUMBER: SC352132 (Scotland)





Page 1
J M Taylor Accountants Limited (Registered number: SC352132)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 150,000
Tangible assets 5 18,201 29,240
Investments 6 1,052,628 1,052,628
1,170,829 1,231,868

CURRENT ASSETS
Debtors 7 703,905 499,293
Cash at bank and in hand 20,919 35,849
724,824 535,142
CREDITORS
Amounts falling due within one year 8 1,007,426 916,140
NET CURRENT LIABILITIES (282,602 ) (380,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
888,227
850,870

PROVISIONS FOR LIABILITIES 3,186 5,324
NET ASSETS 885,041 845,546

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 885,038 845,543
SHAREHOLDERS' FUNDS 885,041 845,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
J M Taylor Accountants Limited (Registered number: SC352132)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf
by:





Ms G D Crighton - Director


The notes form part of these financial statements

Page 3
J M Taylor Accountants Limited (Registered number: SC352132)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

J M Taylor Accountants Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
J M Taylor Accountants Limited (Registered number: SC352132)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2015 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 500,000
AMORTISATION
At 1 January 2016 350,000
Charge for year 50,000
At 31 December 2016 400,000
NET BOOK VALUE
At 31 December 2016 100,000
At 31 December 2015 150,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 96,088
Additions 5,619
At 31 December 2016 101,707
DEPRECIATION
At 1 January 2016 66,848
Charge for year 16,658
At 31 December 2016 83,506
NET BOOK VALUE
At 31 December 2016 18,201
At 31 December 2015 29,240

Page 5 continued...
J M Taylor Accountants Limited (Registered number: SC352132)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 1,052,628
NET BOOK VALUE
At 31 December 2016 1,052,628
At 31 December 2015 1,052,628

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 232,133 114,018
Other debtors 471,772 385,275
703,905 499,293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 104,738 116,530
Taxation and social security 173,090 106,224
Other creditors 729,598 693,386
1,007,426 916,140

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £89,700 (2015 - £81,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

Page 6